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Khandwala Securities Ltd (KHANDSE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531892 NSE: KHANDSE Finance - Stock Broking | Small Cap | Khandwala Securities Share Price

₹19.60 0.14 (0.72%)

As on 04-Jun'26 16:59

Khandwala Securities Ltd (KHANDSE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531892 NSE: KHANDSE Finance - Stock Broking | Small Cap | Khandwala Securities Share Price

₹19.60 0.14 (0.72%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹30 Cr.
Current Price
₹19.6
52-Week Low / High
₹13 / 30
TTM EPS
₹-0.8
TTM Sales
₹7.9 Cr.
Book Value per Share
₹18.6
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
48.3
Price to Book (P/B)
1.05
Lower than its 5-year historical median
Price to Sales (P/S)
3.79
Lower than its 5-year historical median
EV/EBITDA
-42.25
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-2.67%
Underperforms industry median
Return on Capital Employed (ROCE)
1.06%
Underperforms industry median
Return on Assets (ROA)
-1.75%
Operating Profit Margin
-51%
Net Profit Margin
-8.38%
Gross Profit Margin
6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
11.97%
Operating Profit Growth (1 Year)
-
-976.79%
Net Profit Growth (1 Year)
-
-570.59%
Asset Quality
Promoter Holding
48.73%
Pledged shares (%) of Promoter's holding (%)
23.32%
Reserves
₹13 Cr.
Equity
₹15.3 Cr.
Face Value
₹10
All Time Low / High
₹5.05 / 467.00

Khandwala Securities stock performance

Key Ratios
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M-Cap below 100cr DeciZen not available

Q.1 Is Khandwala Securities Ltd a good quality company?
Khandwala Securities Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Khandwala Securities Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Khandwala Securities Ltd vs industry peers?
Khandwala Securities Ltd revenue CAGR is 28.34%, compared to the industry median CAGR of 16.32%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Khandwala Securities Ltd?
Promoters hold 48.73% of the Khandwala Securities Ltd, with 23.32% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Khandwala Securities Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 0.6% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Khandwala Securities Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -1.2%-0.8%-1.6%1.2%-9%-3.3%2.8%2.8%1.4%1.1%-
Value Creation
Index
-1.1-1.1-1.1-0.9-1.7-1.2-0.8-0.8-0.9-0.9-

Growth Parameters

Sales 33.73.53.42.73.66.16.38.59.58
Sales YoY Gr.-23.3%-4.6%-5.1%-18.5%31.4%69.4%2.6%36.1%12%-
Adj EPS -0.6-0.5-0.60.2-3-1.40.10.30.1-0.5-0.8
YoY Gr.-NANANA-1975%NANA190%-62.1%-572.7%-
BVPS (₹) 22.722.221.621.718.617.217.419.819.919.418.6
Adj Net
Profit
-0.7-0.6-0.80.2-3.6-1.70.10.40.2-0.8-1
Cash Flow from Ops. 3.9-1.40.43.6-3.6-0.23.3-7.2-1.84-
Debt/CF from Ops. 0.8-2.271.4-1.8-33.42-0.4-0.90.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 13.7%28.3%16.1%12%
Adj EPS NANA-273.3%-572.7%
BVPS-1.8%0.8%3.7%-2.6%
Share Price 1.5% 2.4% -19.2% -14.8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-2.6-2.3-2.90.7-14.9-7.70.61.80.6-2.7-4.4
Op. Profit
Mgn %
-18-32.3-13.4-55.4-42.8-23.513.6217.3-51-28.2
Net Profit
Mgn %
-23.3-16.4-21.25.7-131.1-45.927.12-8.4-16
Debt to
Equity
0.10.10.10.20.30.30.30.10.10.10.1
Working Cap
Days
3,1072,4072,6192,8393,2232,4271,6471,6741,3551,178209
Cash Conv.
Cycle
62726315710-16-141-855-961-613-59551

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Income + 3.494.963.866.103.683.806.356.498.7015.13
Interest Income3.013.713.543.362.743.606.106.268.529.54
Other Income 0.080.850.080.502.380.100.070.591.114.35
Exceptional Items 0.481.250.322.740.950.210.260.220.185.59
Expenditure + 4.205.564.625.947.315.506.295.998.5414.90
Interest Expense 0.320.350.280.230.820.740.710.340.270.11
Operating Expenses 3.804.364.275.214.114.665.515.067.1510.44
Provisions 0.080.850.080.502.380.100.070.591.114.35
Exceptional Items 0000000000
Profit Before Tax -0.72-0.60-0.760.16-3.63-1.700.060.500.160.23
Taxes -0.010.01-0.01-0.04-0.04-0.05-0.060.05-0.011.03
Profit After Tax -0.70-0.61-0.750.19-3.59-1.650.120.440.17-0.80
Adjusted EPS (₹)-0.6-0.5-0.60.2-3.0-1.40.10.30.1-0.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Khandwala Securities - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Equity Capital +29.0728.4727.7227.3423.7520.5720.7330.1230.3129.52
Share Capital 13.9413.9413.9413.4413.4411.9411.9415.2515.2515.25
Reserves 15.1414.5313.7813.9010.318.648.7914.8715.0514.26
Short term borrowings0000000000
Long Term Borrowings4.053.972.884.976.256.956.442.471.331.28
Current Liabilities 7.496.7010.1615.0410.3514.2520.4611.3116.2512.77
Trade Payables7.076.279.6914.819.9812.4420.0410.9215.6611.39
Other Liabilities-7.07-6.27-9.69-14.81-9.98-12.44-20.04-10.92-15.66-11.39
Total Liabilities 40.6139.1340.7647.3540.3541.7747.6243.8947.8943.56

Assets

Non Current Asset +24.5423.9123.8926.6622.7028.1328.4922.8531.5924.82
Loan Asset 0000000000
Other Non Current Asset 24.5423.9123.8926.6622.7028.1328.4922.8531.5924.82
Current Asset +16.0715.2216.8720.6817.6513.6519.1421.0416.3018.73
Current Investment00.030.030.150.050.070.061.522.8711.07
Other Current Asset16.0715.1916.8420.5317.6013.5819.0819.5313.437.67
Total Assets 40.6139.1340.7647.3540.3541.7747.6243.8947.8943.56

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 3.90-1.350.403.59-3.55-0.213.30-7.24-1.754.03
Cash Flow From Investing Activity -0.160.280.212-0.400.180.50-1.51-1.17-3.94
Cash Flow From Financing Activity 0.04-0.50-0.361.320.53-1.54-1.198.40-0.090.29
Net Cash Flow 3.79-1.570.266.90-3.42-1.572.62-0.34-3.010.37

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Operational & Financial Ratios

EPS (₹)-0.60-0.50-0.600.20-3-1.400.100.300.10-0.50
DPS (₹)0000000000
BVPS (₹)22.722.221.621.718.617.217.419.819.919.4

Performance Ratios

ROA (%)-1.8-1.5-1.90.4-8.2-4.00.31.00.4-1.8
ROE (%)-2.6-2.3-2.90.7-14.9-7.70.61.80.6-2.7
ROCE (%)-1.2-0.8-1.61.2-9.0-3.32.82.81.41.1

Valuation Parameters

Price/Book(x)0.80.80.80.80.70.91.21.21.51.2

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *23.7923.7923.6923.6823.6023.5523.5423.5423.5323.32
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Khandwala Securities Ltd FAQs

The current trading price of Khandwala Securities on 04-Jun-2026 16:59 is ₹19.60.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Khandwala Securities stood at ₹29.90 Cr

The latest P/E ratio of Khandwala Securities as of 03-Jun-2026 is 0.00.

The latest P/B ratio of Khandwala Securities as of 03-Jun-2026 is 1.05.

The 52-week high of Khandwala Securities is ₹29.89 and the 52-week low is ₹12.80.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Khandwala Securities is ₹7.89 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Khandwala Securities Ltd is a below average quality company.

The key valuation ratios of Khandwala Securities Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Khandwala Securities Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Khandwala Securities Ltd

Khandwala Securities Ltd. (KSL), though having commenced operations in Feb 1993, has a group expertise in financial services dating back all the way to 1934. Today, they continue to demonstrate their value and expertise of several decades and are today ranked as one of the most reputed brokerage house in the country. KSL was incorporated as specialized broking, portfolio management, investment banking, and related financial services arm of the Group in 1993.

KSL is known for innovative initiatives as Principal broking Member of National Stock Exchange in PMS and Indian Capital Market Developments.

The company caters to several leading Foreign Institutional Investors, mutual funds, banks, corporate and High Net-Worth Individuals, both at domestic and international level.They have inherited a tradition. A tradition built on relationship, performance and trust. These values and principles of the Group are primarily responsible for achieving excellence in market intermediation and financial advisory services. And they take pride in doing this consistently, year after year, decade after decade.

KSL is a specialized Institutional Dealing and Investment Banking firm with an exemplary track record of cutting-edge research, service innovation, transaction execution and solution structuring. Part of a group with over seven decades of market intermediation and transaction execution expertise, KSL today is recognized as a specialist financial services firm delivering intelligent research, transaction execution, corporate advisory and structured fund raising services to its clients across multiple markets and geographies.

KSL's top management has combined wealth of experience of several decades in the Indian financial markets, led by eminent Board of Directors, with impeccable credentials.

KSL is corporate member of following segments:

  • NSE Capital Market
  • BSE Capital Market
  • NSE Futures & Options
  • NSE Currency Futures
  • NSE Wholesale Debt Market
  • National Commodity and Derivatives Exchange (NCDEX)
  • Over The Counter Exchange of India (OTCEI)

Services offered by the company:

  • Institutional Broking
  • Investment Banking
  • Corporate Advisory
  • Portfolio Management Services
  • Retail Financial Services
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